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Showing 1 - 10 of 11 results for "Reddit"

UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... members, as you expect and deserve," and that members will be kept updated as to developments. Some members have taken to Reddit to vent their frustrations, with many saying the lack of transparency and delay in communication is unacceptable, causing ...

ACCC blitzes social media influencers

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
... earn less than $150,000 annually. The most popular platforms for investment research on social media were Facebook and Reddit. VanEck chief executive and managing director Arian Neiron said: "Our conclusion is that investors want to see finfluencers ...

Data shows WallStreetBets created losses

ELIZABETH MCARTHUR  |  THURSDAY, 13 JAN 2022
New data has found that in 2021 stocks recommended by Reddit's popular WallStreetBets (WSB) community resulted in more losses than returns. The data was compiled by European trading platform Capital.com, and suggests relying on advice in the WSB forum ...

Baby Boomers cashing in on meme stocks

ELIZABETH MCARTHUR  |  FRIDAY, 24 SEP 2021
... losing money. The analysis covered 11 "meme stocks" (stocks whose share prices skyrocketed due to social media hype on Reddit, Twitter and Facebook - not fundamentals). Based on an evenly weighted basket of the 11 stocks, investors over 40 would have ...

How will members respond to the YFYS test results?

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... can take the chatter on the social media platforms as a precursor to what is going to happen next, then if you look at Reddit or any of finfluencers' social media platforms, we see a lot of chatter about these annual performance tests. And especially ...

Investors lose in viral stock picks

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
According to new analysis, stock picks which became popular on Facebook, Reddit and Twitter were almost guaranteed to see investors lose money. OpenMarkets Group (OMG) looked at trending stocks across Facebook, Reddit and Twitter - particularly those ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... know supply and demand - same supply and more demand leads to prices going up. Then you add the "fear of missing out" and Reddit commentary and it triples the stock price." Fisher explained that Pengana has been trying to invest at both ends of the wealth ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... stockmarket pricing has led to growing criticism that the Bank of Japan (BOJ) is distorting market pricing. Forget Gamestop and Reddit, the BOJ is the bigger player that's gaming the system. This disconnect is highlighted by the breakdown in the ...

Chief economist update: Overvaluation tests FOMO and TINA trades

BENJAMIN ONG  |  MONDAY, 1 FEB 2021
... risky assets." But as the Australian Financial Review reports: "...Bank of Montreal chief economist Doug Porter said the Reddit army's attack on GameStop and other highly shorted stocks could foreshadow a more significant shift." "...a case can be ...

Investors going in blind: Research

ANNABELLE DICKSON  |  THURSDAY, 28 JAN 2021
... US-based retailer Gamestop over 600% in the last week in a bid to short-squeeze hedge funds. The amateur investors, using the Reddit forum WallStreetBets, are reportedly targeting hedge fund Melvin Capital Management for putting a hefty short position ...
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